Special offer

The Biggest Marketing Secret of Our Time

By
Services for Real Estate Pros with Napa Consultants DRE00893924

With huge commissions at stake in selling luxury real estate, discovering the biggest marketing secret of our time can help you achieve top-of-mind status and also capture the lion’s share of business in your marketplace. So, what is the biggest marketing secret?

 

Success in marketing luxury real estate is no longer a matter of just marketing the real estate because everyone, agents and consumers alike, has equal access to the same inventory; the information is ubiquitous. It is all about leveraging the right media channels to market YOU or YOUR COMPANY.

 

Talent, competence, integrity, and negotiation skills are essential to success. However, in the realm of marketing luxury real estate these attributes are just the price of admission for top professionals.

 

The agent or company who tells the most compelling brand story and consistently broadcasts it to the widest audience will win the battle for top-of-mind status!  Why? People love to follow and “join” the brand with the best brand story. That is the secret! The key is to take control of your messaging so that your brand story is authentic.

 

As brand strategists for the luxury real estate industry, we help our clients to craft their brand story and also help them take control of their messaging in the media (print, publicity, direct mail, web, social media presence, TV, radio, etc.). Telling a compelling brand story is no longer an option, if market leadership is your quest. If you default on this, your competition will tell a better story.

 

In Part 2 of this article series we look at just how important taking control of your messaging is when you amplify your brand story through the media. LeBron James is our case study for the next article.

Posted by

 

                                      

WE SPECIALIZE IN
STRATEGIC BUSINESS DEVELOPMENT FOR
LUXURY REAL ESTATE,
FINE WINES & PHILANTHROPIC EVENTS

                                           Watch the Video Case Study

                         Ron & Alexandra Seigel, Managing Partners

                                                  805.770.1129

                   If Gaining or Sustaining Market Leadership is Your Quest, we can help!

 

Comments(48)

Kathy Streib
Cypress, TX
Home Stager/Redesign

Ron and Alexandra- I can't wait for part 2 and I have so loved the commenting from Brian England and Gayle Rich-Boxman Fishhawk Lake Realtor (503)755-2905 both of whom are some of my favorite bloggers.  They each have their way of marketing .  In fact, every time I see Fishhawk Lake, I want to move there. Well done!

Jun 02, 2016 01:30 PM
Gayle Rich-Boxman Fishhawk Lake Real Estate

Oh Kathy Streib will you ever come out this way?? I don't have that giant home on the lake anymore, but we kept our boat and I could still manage to show you a good time!  BTW, thanks much for the compliment about Fishhawk Lake. 

Jun 02, 2016 02:44 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

I like your point, Ron and Alexandra; we do need to know our brand and be able to communicate it. Looking forward to part 2.

Jun 02, 2016 02:14 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Bob Crane it has been an interesting phenomena in the marketplace of the "new TV agent stars".  We just talked to someone who is a very high producer, who feels he should be on TV to reach more.  It is an interesting psycho-graphic that goes for that type of representation...it is disconcerting in some ways to established good agents.  There is always a solution, and that is what our job is.  Thank you for your comment, I so appreciate when someone adds value to the discussion.  Obviously, there is so much more that I can say, but I would have to write mroe.  A

Jun 02, 2016 02:15 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kathy Streib I love these discussions, and I love that Bob Crane had an excellent question and observation of what is happening with the TV phenomena.  A

Jun 02, 2016 02:17 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Very interesting and spirited discussions, I have been out showing properties all day so I am just getting to the PC a little late to the party. Now with that said... I am of the belief that it is still about the property... if a buyer is looking for a View Home with high end finishes no matter what the Media huppala, or the Self Marketing the listing agent creates, the buyer will not buy it if using my example of looking for a View Home with high end finishes is not there... We looked at a View Home today in the multi million price range and the finishes were not high end they were Home Depot... needless to say I am not writing an offer I am commenting on your post....Endre

p.s.: needless to say I am digressing as to TV shows that will give the listings from well let's just say shallow sellers and in the long run it is good for the agent not necessarily good for the sellers....

Jun 02, 2016 02:39 PM
Gayle Rich-Boxman Fishhawk Lake Real Estate

Endre Barath, Jr. I never for one SECOND consider Home Depot in the high-end finishes category! Shame on that listing agent for misleading you. But, glad you could make it to the party!

Jun 02, 2016 02:43 PM
James Dray
Fathom Realty - Bentonville, AR

Good morning.  It looks like you have a lively discussion going on here with a lot of different opinions...

Jun 02, 2016 07:40 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning A & R. Your post is great! One word that you mentioned truly resonates for me and that is authenticity. If that comes across so that the public as being real, you have a very good shot at being successful.

Jun 02, 2016 08:36 PM
Tori Toth
Tori Toth, International - Howard Beach, NY
888.667.6643 NYC & Beyond, HSR, SAR, RESA, LIBOR

It's all about storytelling, if people like your story they are interested in getting to know and work with you, video really helps do this -- because it shows your authenticity and TRUSTWORTHINESS.

Jun 02, 2016 10:08 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

There is some terrific advice here! It seems the biggest challenge is truly understanding what it is that you wish to brand, then figuring out the most effective way to do it

Jun 03, 2016 01:16 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Alexandra and Ron -- a great title and interesting comments.  For me, I come away with one word:  authenticity.  

Jun 03, 2016 01:57 AM
John Dotson
Preferred Properties of Highlands, Inc. - Highlands, NC - Highlands, NC
The experience to get you to the other side!

Getting the word out is #1, having it be true and believable is #1A.  Most luxury buyers and sellers want to do business with reputable folks but being reputable is only part of the equation.

Jun 03, 2016 05:58 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Ron and Alexandra Seigel ,

And why is this post not featured??? I like Michael Jacobs came away with one word: Authenticity! That is what it is all about!

Jun 03, 2016 10:59 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I agree with Michael Jacobs that authenticity is paramount in being great at our business.

Jun 03, 2016 11:26 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

When it comes to brand, you two are the best!  Great post!

Jun 07, 2016 04:58 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Such smart advice!  I have never heard it put just this way, so great message about owning that "brand!"

Jun 07, 2016 01:58 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Love your advice on how to market luxury homes. I can see why branding and being genuine is paramount.

Jun 08, 2016 02:11 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jerry Newman this also applies to any price range---Sears, Walmart, not just the high end like Nieman Marcus for instance.

Jun 08, 2016 02:14 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Endre Barath, Jr. while it may be about marketing the property, you HAVE to market yourself if you want to get that listing.  The inventory is available to all parties in the real estate world.  Getting the listing is often because you can prove your marketing prowess by marketing yourself so well that they WANT to give you the listing...that is the distinction.  

As far as Home Depot style improvements, it is aking to agents who take their own photos...A

Jun 08, 2016 02:18 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Don't ask me how I came upon this post - long story!  I did want to chime in and say that I completely agree with your every word!  I have found that what sellers want is their home sold - and the agent with the best story on how 'getting it sold' began and has progressed, wins the listing!  In the luxury market, it's not always about who comes in with the highest CMA - they're often far smarter than that.  But, the authenticity of the 'story' and the brand/success story is a hit, for sure!  Great reminder to share with my agents - THANK YOU!

Sep 12, 2016 02:27 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debe Maxwell Thank you for your kind words, we appreciate them, and we have seen this over and over again as we work with the smartest people in the luxury industry.  A

Sep 12, 2016 03:50 PM